Speaking at TheStreet's November Financial Success Strategies teach-in in New York, Kinahan said that NFLX "is in a lot of ways" a stock of the future for Millennials who like to invest in companies that make products that they like.
"I wouldn't pay [for a Netflix subscription] for three years, but finally my kids were like, 'Dad, there's no way we're not getting this,'" Kinahan said. "So we got it."
Still, he said the stock's future is not without challenges. "I think the tough thing for Netflix going forward is that the competition has gotten so great, and I think they're going to have a harder and harder time getting original content," Kinahan said. "They're going to have to, in my opinion, spend a lot more money on original content."
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